“The path clears: go long Euro Stoxx, short EURUSD”, says Saxo’s strategist Kay Van-Petersen
In the lead-up to the next monetary policy meetings of the European Central Bank (ECB) and the US Federal Reserve (Fed), things are now pretty clear, according to Saxo Capital Markets Asia Macro Strategist Kay Van-Petersen. He says he’ll be sticking to “the clearest path of least resistance”, which is going to be “staying/adding to EURUSD shorts and staying/adding to Eurozone equities”. There are at least six good reasons to support this strategy. One of them is that we now have the strongest probability of the first Fed hike in almost 10 years, in less than two weeks. Second, ECB president Mario Draghi has flagged pretty clearly that he is going to move. To read more visit: (VIEW LINK)
Saxo Capital Markets (Australia) Pty Ltd is a wholly owned subsidiary of Saxo Bank A/S, a global online trading platform specialist. We enable investors the ability to trade FX, CFDs, Stocks, Futures & other derivatives from one account....
No areas of expertise